Cyprus money OWNED; peasants rescued
- Thread starter productionhead
- Start date
people with just barely over 100,000 euros dodged a bullet. 0.o wonder why they chose such a arbitrary number of 100,000 euros.
Wasn't there a run on the banks there? I wonder how much was taken out before the freeze went into effect.
Also it's interesting that it's so widely known that most of it is Russian money... Anyone know more about this? I've heard it's laundered money from Russia, but from what?
Also
[ame=http://www.youtube.com/watch?v=SRH-Ywpz1_I]Mr. Freeze's Puns - YouTube[/ame]
Also it's interesting that it's so widely known that most of it is Russian money... Anyone know more about this? I've heard it's laundered money from Russia, but from what?
Also
[ame=http://www.youtube.com/watch?v=SRH-Ywpz1_I]Mr. Freeze's Puns - YouTube[/ame]
Hello firend,
I hear lot Russia money in Cyprus is Russia mafia money and bribe money of Russia governent officials. Some money also from rich Russia people for avoid pay tax. Or they afraid Putin make Russia communist again and take away there money if leave in Russia bank.
If in future hear Cyprus politicians mystery die or disappear then it probably mean Russia mafia get them.
Good luck bro
i will tell u something thats not in the news but thats real case - if u miss this posts its ur fault.
cyprus has lots of gas. they didnt wanna share with with others. so now the country which CANT BE, in debt due to zilion dolars from ohter natiosn due to tax haven, was put as a debt countrry due to EU wanting their gas.
end of story.
cyprus has lots of gas. they didnt wanna share with with others. so now the country which CANT BE, in debt due to zilion dolars from ohter natiosn due to tax haven, was put as a debt countrry due to EU wanting their gas.
end of story.
^^This. I'm sure someone somewhere knew about the news before the banks were frozen. And its not too much of a stretch to imagine if that someone informed certain Russian oligarchies about this valuable info in exchange of some monetary compensation.
You're thinking too small. The US/EU want Cyprus out of the way, this is how they do it. Any Russian money is a trickle down. They'll get friendly policies installed, and open up the oil access, and then a military base to protect US oil interests.
The underlying issue is that tourism, property development and offshore banking has generated a shit ton of the money that has gone into Cyprus.
But now, with the cost of aviation fuel being high the cost to visit Cyprus is higher, so the tourism level has fallen. Less visitors = less people falling in love with the island = less people buying new build property = people wanting to sell their homes they built there a few years back when the property market was high.
The banking sector is much bigger proportionately than the population and the GDP. It was always going to be the banks that held the key.
The effect will be that the companies who pay the levy will extract the balance of their money and move it to somewhere like Hong Kong, BVI or Seychelles, which will mean Cyprus will have to face round 2 of the melt down.
Cyprus is a divided island, the northern part is Turkish. Ignoring any political wrangling as to whether it is owned or stolen, the Turkish side is cheaper, has casinos, is getting a lot of money invested from Russia, China and USA and as for the oil...they stopped the Greeks laying claim to ownership. Might still be some heated discussions to come.
The only thing that surprised me is that it took as long for this to happen.
But now, with the cost of aviation fuel being high the cost to visit Cyprus is higher, so the tourism level has fallen. Less visitors = less people falling in love with the island = less people buying new build property = people wanting to sell their homes they built there a few years back when the property market was high.
The banking sector is much bigger proportionately than the population and the GDP. It was always going to be the banks that held the key.
The effect will be that the companies who pay the levy will extract the balance of their money and move it to somewhere like Hong Kong, BVI or Seychelles, which will mean Cyprus will have to face round 2 of the melt down.
Cyprus is a divided island, the northern part is Turkish. Ignoring any political wrangling as to whether it is owned or stolen, the Turkish side is cheaper, has casinos, is getting a lot of money invested from Russia, China and USA and as for the oil...they stopped the Greeks laying claim to ownership. Might still be some heated discussions to come.
The only thing that surprised me is that it took as long for this to happen.
I disagree, while tourism is probably down, the main issue was that they bought greek bonds with the depositors money, (on the advice of the ECB LOL). When those took a haircut, Cyprus was missing a load of money.
i.e. the greeks have managed to spend the russian depositor's money
If they hadn't have done that, they would probably be fine, they'd be a southern banking center like switzerland.
What are all the tech companies in Ireland going to do? Ireland already had a bailout, so it's quite conceivable this could happen to them as well. I don't think companies like Google or Facebook would appreciate everything over $100k Euros in their Ireland accounts being indefinitely frozen / confiscated.
I could be wrong, but I would imagine there's a few board meetings happening these days that are bringing up this concern. Time will tell!
I could be wrong, but I would imagine there's a few board meetings happening these days that are bringing up this concern. Time will tell!